Hibs waiting on ‘significant’ payment from Business Interruption insurance policy
Hibs are waiting on a ‘significant’ sum of money after making a claim on their business interruption insurance policy.
The Easter Road side have already received a small payment from the policy to cover a loss of revenue due to no spectators being allowed into the stadium due to the pandemic.
Tony Macaroni Arena, Livingston, West Lothian. UK.
20/03/2021
Livingston play host to Hibernian in the Scottish Premier League at the Tony Macaroni Arena, Livingston.
Pic shows: A share of the points just about right as the game end 1-1.
Credit: Ian Jacobs
Chairman and owner Ron Gordon said: “We have a very good insurance policy but getting money out of the insurance companies is a little trickier than you would think, but I think we have a very good claim.
“So, my feeling is we’re going to be reimbursed for a significant amount of our losses, but it’s trickling in, we got an initial payment maybe 10 days ago.
“But it’s a fraction, a tiny slither of our claim, so, obviously, operating the club without any game day revenues is a difficult thing.”